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Business, 05.05.2020 22:40 pineappledogpie1608

On January 1, 2019, a company issued $401,600 of 10-year, 12% bonds. The interest is payable semi-annually on June 30 and December 31. The issue price was $417,153 based on a 10% market interest rate. The effective-interest method of amortization is used. Rounding all calculations to the nearest whole dollar, what is the interest expense for the six-month period ending June 30, 2019?

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On January 1, 2019, a company issued $401,600 of 10-year, 12% bonds. The interest is payable semi-an...

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